LIV golfers negotiate equity stakes to secure league bankruptcy rescue

LIV is working to finalize a $300 million bankruptcy rescue plan by renegotiating contracts with its golfers. Under the proposed terms, players are being asked to exchange claims for outstanding contract payments in return for equity in a new circuit. The move follows financial instability that has threatened the league's operations. By securing these agreements, the circuit intends to restructure its debt and stabilize its long-term financial position. Officials are currently racing to obtain the necessary signatures from athletes to finalize the deal. Failure to reach these agreements could impact the future viability of the golf tour.

• 9:45 PMFinancial Times — LIV races to re-sign golfers to clinch $300mn bankruptcy rescue - Financial Times